The issue has now been resolved. I contacted my hosting provider and they were able to resolve the issue. A description what they did is below.

Dear client, the reason that your site encounter "PHP has encountered an Access Violation" is that, your application was running on php isapi mode, which will only able to access the memory within the range that assigned by its application pool. I changed your application to run on php5 cgi mode which can access the memory outside the application pool limit.

Thanks for all the assistance and I hope this resolutions helps others that may encounter a similar issue

Dear client, the reason that your site encounter "PHP has encountered an Access Violation" is that, your application was running on php isapi mode, which will only able to access the memory within the range that assigned by its application pool. I changed your application to run on php5 cgi mode which can access the memory outside the application pool limit.

CGI mode can cause the admin in Joomla canfigeration settings page to fail. There currently is no fix for this yet in Joomla 1.1. I have it running on a CGI mode PHP server and its failing to save anything.